Sept 30 (Reuters) - Australian shares are set to snap two consecutive sessions of gains on Friday, following a sharp fall on Wall Street, offsetting support from rising oil prices.
The local share price index futures YAPcm1 fell 0.6 percent, or 34 points, to 5,429, a 42.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed up 1.1 percent on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was down 0.6 percent, or 43.67 points, at 7,299.78, at 2200 GMT.
The benchmark ended 0.7 percent higher in the previous session.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB